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Nanyang betting Metro Cable 47 million capital increase shares of subsidiary

Securities Times reporter Jia Zhang
PRC professional wire and cable manufacturer Nanyang shares ( 002,212 ), will expand to areas of special booster cables for rail traffic . Board of Directors considered and adopted " on the subsidiary of Guangdong Nanyang Cable Co., Ltd. Capital Increase investment in construction of high pressure rail with special cable project , " the motion . The total project financing for the 50 million yuan , sources of funding for the high pressure of the shareholders capital increase . Among them, the Nanyang shares by 94.01 percent stake in investment 47,005,000 yuan .
Announcement shows the company Nanyang share capital increase decided on the high pressure in the main plant and the construction of new land in " special cable for rail traffic project " , covering about 16,100 square meters . Nanyang shares , said the estimated construction period is 1 year. Completion of the project under normal conditions , estimated annual sales income 200 million yuan , total profit of 32 million yuan , net profit of 24 million yuan , payback period of 3.5 years (including 1 year construction period).
Notice shows that rail transit as a low-carbon economy, the direction of development potential. Rail cable in the civil construction project application will also expand the product market prospect. The project put into production will further enrich the product type, and to some extent, increase the market share of South Sea shares .


 

 

 

 

 

 

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